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Petrol Price in New Delhi (21st June 2018)

Petrol prices in Delhi are now changing everyday, as against every 15 days before. We are providing daily petrol price rates, so you can check the same on goodreturns.in

Petrol Price in New Delhi Today (Applicable from 6 am)

Last 10 Days Petrol Rate in New Delhi

Date Price Price Change
Jun 20, 2018 ₹ 76.27 ₹ 0.00
Jun 19, 2018 ₹ 76.27 ₹ -0.08
Jun 18, 2018 ₹ 76.35 ₹ 0.00
Jun 17, 2018 ₹ 76.35 ₹ 0.00
Jun 16, 2018 ₹ 76.35 ₹ 0.00
Jun 15, 2018 ₹ 76.35 ₹ -0.08
Jun 14, 2018 ₹ 76.43 ₹ 0.00
Jun 13, 2018 ₹ 76.43 ₹ 0.00
Jun 12, 2018 ₹ 76.43 ₹ -0.15
Jun 11, 2018 ₹ 76.58 ₹ -0.20

Daily & Monthly Petrol Price in New Delhi : Graphical Representation

Historical Petrol Price in New Delhi

  • Trend of Petrol Rate in New Delhi, May 2018
  • Petrol Price
    1 st May Rs.74.63
    31st May Rs.78.35
    Highest rate in May Rs.78.43 on May 23
    Lowest Rate in May Rs.74.63 on May 6
    Over all performance Rising
    % Change +4.75%
  • Trend of Petrol Rate in New Delhi, April 2018
  • Trend of Petrol Rate in New Delhi, March 2018
  • Trend of Petrol Rate in New Delhi, February 2018
  • Trend of Petrol Rate in New Delhi, January 2018
  • Trend of Petrol Rate in New Delhi, December 2017

The advantage of doing that is you know when to fill petrol and make maximum use of falling petrol prices. In any case Delhi petrol rates are much lower then some of the other cities in India. It also sets the trend for an increase or decrease in rates in various other cities of India. The rates would be largely determined by the largest oil marketing companies in India, that is Indian Oil, Bharat Petrolem and Hindustan Petroleum. You would do well to check the rates given the fact that if you fill same about 30 to 40 litres petrol you could tend to lose a lot. Now that petrol prices in Delhi have been dergulated like many other cities in the country.

How are petrol prices in Delhi determined?

Petrol rates in Delhi largely depend on how international prices of crude oil move. It is largely linked to international crude prices, which trade abroad. There is also an India crude basket, which largely determines the prices of Petrol in Delhi. It is always advisable to check the petrol prices, if you are planning to fill your automobile to the brim. A small change in rates can be mean a lot when you have larger volumes of diesel or petrol to fill. Diesel prices in Delhi also more or less move in a smilar way.

Increasing trend in the last few days

Lately, we have been seeing an increasing trend of petrol prices rallying in several cities. In fact, in places like Delhi they have now hit the Rs 72 per litre mark. This has happened as international prices of crude have gone higher and there is every possibility that there could be a further increase in prices.

The government has in the past cut the excise on petrol to make-up for the huge gains seen in the prices of petrol. However, any such cuts in the excise tends to impact the government's fiscal deficit.

If the trend of an increase in Delhi prices of petrol today continues, we may soon realize that rates have now hit a three year high and this is not good news for any government.

An urgent cut in the prices of the fuel is needed to be implemented by the government at the earliest.

How petrol prices are influenced in Delhi?

Todays petrol prices in New Delhi are a result of a host of a factors that influence rates. Among these include world prices of the fuel. At the moment Brent Crude prices are trading at $64. When these prices go higher, the India crude basket goes higher, which in turn alters the daily price of petrol in Delhi. A similar thing can be seen as far as diesel is concerned. 

It is hence a good idea to check prices of the fuel before leaving your home. For the last few days there has been a declining trend at the retail level. Once petrol and diesel prices are bought under the ambit of the Goods and Services Tax, we may see these prices declining in the coming days. In the meantime, we would have to continue to pay the desired sum and wait for a fall in todays petrol rates in New Delhi.  

 How Petrol Prices in New Delhi Today are calculated?

Fuel rates in India depend on a host of things. Petrol prices in Delhi today depend on the India crude basket, transportation costs, value added taxes and excise duty levied by the government.

The fuel costs in the city are pretty high, though they are way lesser than what Mumbai charges. The city has one of the highest value added taxes, which has pushed petrol prices higher.

In India, when excise by the government is hiked, petrol prices in Delhi tend to increase. At the moment, excise is slightly more than Rs 21. The local government also tends to tinker with the value added tax, which tends to inflate the fuel rates.

The currency also plays a big role, in pushing the price of petrol and diesel either way. If rates tend to move in one direction heavily, the government can cut or hike rates accordingly.

 Overall, it is likely that we will see sharp cuts in the prices of the fuel in the coming days. International prices have the biggest bearing and any drop in these tend to help rates cuts. Movement of the rupee against the dollar also tends to impact petrol and diesel prices accordingly.

So, for calculation of todays petrol price in Delhi one has to taken into account, excise, value added tax, India crude basket and currency movement. 

 

Petrol Prices Diminish by 8 Paise in New Delhi

The petrol prices in New Delhi was cut by 8 paise after a gap of three days. The state-owned oil companies decided to reduce the prices of the petrol as the global crude oil prices fell by nearly one percent on Tuesday due to the escalation of the trade war between the United States and China.

The petrol prices in the national capital were recorded at Rs 76.27 per litre on Tuesday.

The analyst believe that the OPEC members along with their key ally Russia will gradually increase the output of oil thereby increasing the oil production post the OPEC meet which is slated to happen in Vienna on June 22.

India mainly depends on oil imports to fulfill the country’s domestic requirements. The country ranks third in terms of oil consumption with a daily oil consumption of 4.3 Mmbpd (million barrels per day) during 2017. India’s consumption of oil rose by 1.8% during the previous year owing to the increased domestic demand.

Petrol Prices Stable in New Delhi

The prices of petrol remained constant in Mumbai for two days and are recorded at Rs 76.35 per litre after the recent cut in its prices by 8 paise on June 15.

The petrol prices had skyrocketed during last month due to the upsurge in the prices of Brent Crude oil which touched $80 per barrel rising concerns amongst oil exporting countries in the world.

The Brent crude oil prices have shrunk and were recorded at $73.50 per barrel in the global market. India depends on 80% of oil imports to fulfill its domestic requirements. Any upward or downward movement in the prices of the fuel in the international level will directly have a bouncing effect on the prices of the fuel in the domestic market.

The recent report states that Venezuela’s oil industry is entering into a dangerous new phase where in the country has begun to proactively shut its oil production unit to cope up with the nearly replete terminal storage, accelerating an output decline. Venezuela’s oil production dipped to an average of 1.392 million barrels per day during the month of May, down by further 42,000 bpd from the previous month.

The Organization of the Petroleum Exporting Countries popularly known as OPEC is meeting this week in Vienna, to take a decision to ease the output limits that were put in place during last year. The existing agreement has declined the oil output to the tune of 1.8 million barrels per day.

Petrol Prices Cut by 8 Paise in Delhi

The petrol prices in New Delhi is cut by Re 0.08 per litre today after maintaining steady prices from the past two days.

The price of petrol stands at Rs 76.35 per litre in New Delhi the capital of India on Friday.

In the month of May, the prices of petrol reached a peak point in Delhi amidst upsurge in the crude oil prices in the international market. The highest rate of petrol was recorded at Rs 78.43 per litre on May 23 in Delhi. The fuel prices in the global market have seen a downfall which has eased out the prices in the domestic market as well.

India accounts for 80% of oil imports from abroad, any changes in the prices of the oil in the global market will directly impact the rates of the fuel in the domestic market. The oil dependence of the country has swelled the oil import bill to the tune of $87.73 billion during 2017.

Petrol Prices Stable in New Delhi

The petrol prices in New Delhi – the capital city of India remained stable on Thursday.

The prices of petrol were recorded at Rs 76.43 per litre in Delhi. There is no change in the prices of petrol in New Delhi as against the previous day.

The rates of petrol saw a continuous hike over a period of 16 days in India, which hurt the sentiments of the consumers as they had to shell out more to buy petrol. The government's decision to step in to cut the prices of fuel in India starting from May 30 has finally bought some kind of respite to the end users.

The prices of petrol reached its peak in Delhi and were nearing Rs 80 per liter during last month when there was a regular rate hike in its price due to the surge in the prices of crude oil in the international market.

Currently, the prices of the crude oil in the global market has dipped which has resulted in the decline in the prices of petrol in India as well.

Petrol Prices In New Delhi Down By 20 Paise

The prices of petrol in New Delhi is down by 0.20 paise today and stands at Rs 76.58 per litre.

After hiking in petrol rates for 16 consecutive days, the prices of the fuel is declining on a day-to-day basis in India after the oil companies stepped in to tackle the rising prices which created a big hole in the consumer's pockets.

The prices of the petrol reached the highest level on May 30, 2018, and was recorded at Rs 78.42 per litre.

The oil marketing companies in India are revising the price of the petrol and diesel downwards on a day-to-day basis based on the international crude rates. In India, the prices of the fuel vary from one state to another based on the existing Value Added Tax. 

India mainly depends on foreign imports for oil and fuel any kind of change in the prices of fuel in the international market will directly impact the prices in domestic market. 

 

Petrol Prices Declines by 21 Paise in New Delhi

The petrol prices in New Delhi were down by 21 paise. The current prices of petrol in Delhi stand at Rs 77.42 per liter. The decline in the prices of petrol has brought in a relief for the customers who earlier had to reel under the hike in the petrol prices regularly on a day-to-day basis.

The prices of petrol depend on various factors which include the cost of crude oil, mismatch of demand and supply, increased demand, rupee to dollar exchange rate, tax rates and so on.

India stands third in terms of oil consumption with around 212.7 million tonnes of oil usage in the year 2016 succeeding the United States of America and China. Any increase or decrease in the prices of petrol in the global market will directly impact the prices of yellow metal in the domestic market.

Petrol Prices Slashed in Delhi

The petrol prices were further down in Delhi, the capital of India. The petrol prices were recorded at Rs 77.72 per liter in Delhi as against yesterday’s price of Rs 77.83, down by 11 paise.

Finally the customer is getting relief after facing 16 days of regular rate hike of petrol. The surge in the prices of crude oil in the global market led to the record uninterrupted rise in the rates of petrol in India for a period of 16 days.

The crude oil prices eased in the international market and with the timely intervention of the government of India the prices of petrol were slashed starting from May 30 on a daily basis.

The petrol prices reached to its peak for the first time ever in New Delhi and stood at Rs 78.43 per liter on May 29.

Any positive or negative movement of the prices of the crude oil in the global market will have concurrent effect on the rates of petrol in India as the country mainly depends on foreign imports.

Petrol Price Falls By 13 Paise in New Delhi

The petrol prices have come down slightly by Re 0.13 per liter in New Delhi. Today’s price for petrol stood at Rs 77.83 per liter in the capital city of India.

The decrease in the price of the fuel has brought cheers amongst the customers who earlier had to bear in the increase in the prices of the petrol continuously for 16 days in a row.

The oil companies in India decided to reduce the price of the fuel starting from May 30 and since then the prices are cut on a daily basis and the change in the prices will be effective from 6 am (IST) onwards.

The global crude oil hit its highest peak of $80 per barrel which affected the prices of domestic fuel as India depends on imports to fulfill 80% of requirements. Any increase or decrease in the prices in the global market will have a similar effect on the rates of fuel in India.

Currently, the prices of crude oil have diminished and stood at $75.49 per barrel.

Petrol Price Falls By 6 Paise In New Delhi

The petrol prices in New Delhi was down by 6 paise today and now the price of petrol per liter is Rs 78.29.

The oil companies in India has finally started to cut the price of petrol after a continuous hike in its price for a period of 16 consecutive days.

The reduction in the prices of petrol has come in as a respite to the consumers who otherwise were reeling under the pressure of continued escalation of fuel prices added with the rise in the inflation.

The crude oil in the United States hit a record high of $80 per barrel which was earlier trading at around $65 per barrel, escalating hike in fuel prices across the globe.

India mainly depends on import of oil to meet its domestic requirement. Any kind of positive or negative effect on the prices of the crude oil will directly impact the prices in the domestic market.

Slight Cut In Prices Of Petrol In Delhi

The prices of Petrol were cut slightly for the second straight day post 16 days of continuous hikes. The rates of petrol price in Delhi was cut by 7 paise per litre.

The Indian Oil reduced the price of petrol by meager 1 paise across the metros drawing flak from the general public.

Today’s petrol price in Delhi stands at Rs 78.35 per liter, down by Re 0.07 paise from yesterday’s price.

On May 17, the rate of crude oil hit a record all time high of $80 per barrel in U.S. which rallied the prices of fuel across the globe.

Many countries who depend on imported fuel had to witness volatility in the prices of petrol in there respective countries. India is one amongst those countries which mainly depends on import of up to 80% of fuel for domestic consumption.

Any increase or decrease in the rates of fuel in the international market will have simultaneous effect in the domestic market in India. The hike in the fuel prices in the country ignited inflation rate as vehicles are used to transport food items.

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